Motilal Oswal retains Buy on Varun Beverages, sets Rs 560 target after Q1
Varun Beverages’ June-quarter performance was supported by international scale-up, distribution gains and snacks expansion. Motilal Oswal sees further upside from capacity additions, portfolio expansion and overseas operations, while retaining its Buy rating with a Rs 560 target price.
Varun Beverages reported healthy June-quarter performance, supported by international scale-up, stronger distribution and snacks expansion. Motilal Oswal retained its Buy rating and set a Rs 560 target, citing capacity additions, portfolio expansion and international operations.
Why this matters
The call follows signals of 20% volume growth and Q2 revenue growth, while Varun Beverages also backed double-digit growth and avoided an aggressive Rs 10 cola push.
retail-company is accelerating, up +400733% QoQ.